Forecast of Short-Term Electricity Price Based on Data Analysis

Table 8

Weekly results of each season in the different models.

Method	Jan 1–Jan 7		May 27–June 3		July 9–July 15		Oct 8–Oct 14
	MAPE (%)	RMSE	MAPE (%)	RMSE	MAPE (%)	RMSE	MAPE (%)	RMSE
Proposed	18.26	66.10	28.67	28.57	13.44	6.62	18.54	10.90
GDS	25.28	88.39	30.20	29.37	14.21	8.09	20.02	12.19
DS	25.96	88.22	30.70	28.62	15.68	8.24	30.66	11.50
REG	22.39	60.82	29.00	27.06	16.83	8.44	21.86	11.03
RF	24.29	54.16	30.45	28.06	18.97	8.81	27.09	11.37
BP	31.70	94.88	37.96	28.75	20.07	8.81	28.40	13.20